Parallel Channel
APE. Does not look good.Structurally, the chart shows nothing. A 98% drop and price movement in a global downward channel only indicates that the bubble is still deflating. However, there is one consolation for APE holders - the sideways movement within the channel has been going on for over 100 days, which may indirectly indicate the formation of a bottom, BUT... Overbought by RSI, provided that the asset is not experiencing an upward local movement, does not look very good.
Bitcoin Ready to Pump!!!Bitcoin ( BINANCE:BTCUSDT ) managed to break the Upper line of the Descending channel and 200_SMA(Daily) .
Bitcoin is attacking the Heavy Resistance zone($67,400-$64,740) .
In terms of Elliott wave theory , Bitcoin seems to be completing microwave 5 of the main wave 3 in the 15-minute time frame , so main wave 3 seems to be extended .
I expect Bitcoin to rise again from the Potential Reversal Zone(PRZ) after the correction .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Do not forget to put Stop loss for your positions (For every position you want to open).
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BTCUSDT close the channel resistance close above 70K= pumpAs we said before this channel is Descending channel and it is short-term fall and rest for market and soon after a valid breakout we can expect heavy pump and new ATH and it seems it is happening.
Notice: we may have short-term heavy dump with some news in upcoming days but long-term we are bullish and soon even 70K$ will break and the pump is ahead.
DISCLAIMER: ((trade based on your own decision))
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Top of Our Channel Tagged to the Dollar!Here we are again traders. Tagged the top of our channel to the dollar. What precision! Big resistance pressure up here. I am not sure the bulls have the strength to finally break us out and above. Therefore, be ready to start taking profit (if you haven't already). It is quite possible that we come back down to the bottom of our channel or even lower, especially with all that is going on in the world. Never rule out another black swan or flash crash.
NVDA Charting and Overview (Short-Term Short)Hi Traders,
Here's my overview of NVDA stock from technical perspective using basic charting and ignoring all the AI frenzy.
1. On 4h time frame I could spot a bigger parallel channel which sits on March 24 highs, Jun 24 highs, August 24 lows (Gap closing). Based on this channel alone, the next target/resistance is ~136 per share area.
2. Also, there is another rising parallel channel which started on the lows of 6th of September. Since then, NASDAQ:NVDA has been printing higher highs until today. This channel upperband is also ~136 area.
3. Finally, if we take a closer look at previous highs where the price pivoted, you can find July 2024 high was the one and was ~136 (136.15 to be precise).
This way we have 3 (three) technicals signaling 136 level is a strong resistance and the price might retrace from there at least 4% (down to 130 where another support sits).
By the time I am writing this, the price is already in 134 area and I expect it to reach at least 130.
Tony.
Support for long bonds achievedLooks like we're starting to see a clean bounce off of the trendline -- this is the market deciding that bonds aren't going to fall off a cliff because the inflation boogieman is a short term scare, not a shift in trend. Now is the time to load up on TLT. NFA.
DOGS → Double bottom favors resistance breakoutBINANCE:DOGSUSDT is forming a double bottom followed by a breakout of trend resistance. Quite a promising situation, provided the bulls hold their defenses above 0.00081.
After the listing, the coin flies to the moon due to the dump, but after the appearance of a strong seller or lack of interest from the buyer, against the background of weakening support of Pavel Durov arrested in France, a market phase change to a “dump” is formed.
Technically, a double bottom is formed on 4H, followed by the renewal of local lows and the breakout of trend resistance, which indicates the formation of a market bottom.
At the moment, the cryptocurrency market shows bullish dynamics, which can affect DOGS accordingly
Resistance levels: 0.000885, 0.000938
Support levels: 0.00081
After the dump the coin has good chances to show already adequate realization. If the bulls keep the defense above 0.00081, we will have chances to get on the train to the north, to the targets 0.00096, 0.001, 0.00117
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGSUSDT ;)
Regards R. Linda!
AUDNZD: Your Trading Plan to Buy 🇦🇺🇳🇿
AUDNZD is currently retesting a recently broken daily horizontal resistance.
For trend-following buying, pay attention to a bullish flag pattern
on a 4h time frame.
Your confirmation will be a violation - a candle close above its resistance.
After that, buy the pair, anticipating a growth at least to 1.108 level then.
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GOLD → Will the rally end with a FB? 2670 - liquidity...FX:XAUUSD is growing together with the dollar, the correlation cooled down after the change of fundamental background. The range of 2670 - 2600 is being formed. The metal is rallying to resistance for liquidity.
Geopolitical issues. High tensions in the Middle East as well as rising tensions in East Asia between China and Taiwan are worrying investors looking for safe havens.
Last week showed not so good economic data for gold. The dollar rose very strongly during that time. But gold gold traders were most likely paying attention to the dovish remarks by Fed policymakers about lowering interest rates....
Technically gold is in a sideways range and is testing liquidity above 2660. The bears are likely to give a not so warm welcome....
Resistance levels: 2663, 2670, 2685
Support levels: 2650, 2637, 2623
Strong movement from the bottom of the range reaches its upper boundary. Technically, the price has no potential to break through the strong range resistance. A false breakout is possible, the purpose of which may be to capture liquidity, followed by a decline. The situation may be broken by unexpected geopolitical or economic news, but at the moment there is no such news
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
HAL BuyBeautiful parallel pattern breakout.....Kindly ride till half hour candle closes below the previous half hour low candle...Tgt calculated as per parallel pattern...Hope this helps feel free to ask more...
RWT a hopeful climb?It seems RWT may *may* be cycling up. It appears at this time to be possibly making a reversal. Please look at the formation of the SRSI and RSI levels which are approaching acceptable levels. The MACD may hopefully cross. Paper trade safely friends.
Bullish Butterfly Ascends a Channel w/Underlying Fib LevelsHere I have BINANCE:XRPUSDT on the Weekly Chart!
Beginning of March 2020, BINANCE:XRPUSDT hits its Lowest Low @ .1013
Beginning of April 2021, BINANCE:XRPUSDT hits its Highest High @ 1.9669
For context ~1,800% Increase in 1 Year
Taking the Fibonacci Retracement Tool, we can see that Price made a drop after the Higher High (Point A) to the 78.6% level (Point B), created a Lower Low at the 32.8% (Point C), then was rejected after descending to the 88.6% (Point D) and with this Price Action, formed a Bullish Harmonic Butterfly Pattern!!
Parameters:
X - B .786
A - C .382 / .886
B - D 1.618 / 2.618
X - D 1.27 / 1.618
(B/D and X/D Fall Short)
-Price is continuing to trade Above the 200 EMA
With the short-coming completion of this pattern, sprouts an Ascending Channel that Price now currently is traversing up!
-If Price can continue this upward path, I believe it will battle with the Overlying Resistance Zones that line up with these Fibonacci Levels!
1) .8139 - .9240
(61.8% - 55.9%)
2) 1.2542 - 1.5266
(38.2% - 23.6%)
*Caution to those who see the Ascending Channel break Bearish, because then Price Action could be a signal of a Double Top!
NATGAS - BEARISH MOVEHello Traders !
After a huge bullish move,
The Natural gas formed an ascending channel.
Currently, The support line is broken !
So, I expect a bearish move📉
_______________
TARGET: 2.396🎯
Baby steps taken by Nifty towards road to recovery. Today we saw Nifty take first baby steps towards road to recovery. Nifty was seen rising from channel bottom in the hourly chart. One must note that formidable Mother and Father resistance are yet to be conquered. Nifty today was blocked by Mother line which is at 25140. Father line which is at 25262 is waiting to resist further progress of Nifty.
To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor.
If Nifty is able to conquest Mother and Father line, the next resistances will be at 25475, 25644, 25753 and 25875 before Nifty is able to regain 26K levels.
Supports for Nifty will be at 24915 (Important Parallel chanel bottom), 24684 and 24478. In worst case scenario Nifty bottom currently seems to be near 23891. It is less likely that Nifty reaches here unless there is some escalation in Middle East or some other major global event.
EURO - Price can turn around and start decline to support lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level.
Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat.
In channel, EUR broke $1.1125 level at once and continued to move down, until it reached $1.0955 level.
Price some time traded in one more resistance area and later broke $1.0955 level too, after which started to trades below.
A not long time ago, price reached resistance line of channel, so, I think that Euro can reach resistance level.
After this movement, price will turn around and start to decline to $1.0790 support line of falling channel.
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DC. Everything new is a well-forgotten old.The global descending channel formed in April is currently under pressure. The price has been testing the resistance line for two weeks. The potential breakout looks interesting for two reasons:
1. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with reference points from more than six months ago.
2. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with the trading area from more than six months ago.
Dow Jones Index (US30): More Growth is Coming?!
US30 successfully violated a resistance line
of a horizontal parallel channel on a daily time frame on Friday.
It indicates a highly probable bullish trend continuation.
Next resistance - 43150
For entries, consider a retest of a broken structure.
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Bitcoin Needs Correction!!!As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap .
Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) .
I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) .
⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️
⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#btc #btcusd #elliottwave #bitcoin short wave 3 13Oct24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
AFMR BreakoutAFRM has just broken out of a descending channel, I am waiting for a confirmation above today's high.
Entry - Green
SL- Red
S&P 500 index - When will the bull market ends?A linear regression channel spanning over a dozen years doesn’t lie — the graph depicts the S&P 500 index using candlesticks in monthly intervals on a logarithmic price scale. We are entering a danger zone in the coming months! Naturally, the earlier the drop, the less painful it will be.
Those holding Tesla shares still need a lot of patience.Since the beginning of 2021, Tesla has been restricted by a resistance zone for upward movement, resulting in the price fluctuating within a range of monthly candles. However, the linear regression channel, which has been in place since 2011, will enforce a price increase within a few months.
